Awake Ltd Has a Net Income After Tax of $5

question 17

Multiple Choice

Awake Ltd has a net income after tax of $5 620 000 for the year ended 30 June 2016.At the beginning of the period Awake Ltd has 1 000 000 fully paid-up ordinary shares on issue.On 1 February 2016,Awake Ltd makes a rights issue of 1 fully paid share for every 4 shares held.The required payment for the rights issue shares was $3.00.The last cum rights price was $3.80.Awake Ltd also has 2 000 000,$1.00,cumulative,7 per cent preference shares on issue for the whole period.The dividends on the preference shares are not treated as expenses in the statement of comprehensive income. What are the basic earnings per share for the period ended 30 June 2015 in accordance with AASB 133?

• A) $4.39
• B) $4.61
• C) $4.97
• D) $5.22

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Definitions:

Spinal Nerve

A mixed nerve, which carries motor, sensory, and autonomic signals between the spinal cord and the body.

Ventral Root

The part of a spinal nerve that carries motor output from the spinal cord to the body's muscles and glands.

Efferent Fibers

Nerve fibers that carry impulses away from the central nervous system to effectors such as muscles or glands, facilitating response and action.

Root Ganglion

A cluster of nerve cell bodies found in the dorsal root of a spinal nerve.